Michael Richards Sells 1,500 Shares of State Street (NYSE:STT) Stock

State Street Corporation (NYSE:STT) EVP Michael Richards sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $162.14, for a total transaction of $243,210.00. Following the sale, the executive vice president directly owned 41,827 shares in the company, valued at $6,781,829.78. The trade was a 3.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

State Street Trading Down 0.6%

STT opened at $162.26 on Thursday. State Street Corporation has a fifty-two week low of $95.67 and a fifty-two week high of $164.35. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.57 and a quick ratio of 0.57. The firm has a market capitalization of $44.91 billion, a price-to-earnings ratio of 16.46, a PEG ratio of 0.89 and a beta of 1.43. The company’s 50 day moving average price is $149.29 and its two-hundred day moving average price is $134.85.

State Street (NYSE:STT) last posted its earnings results on Friday, April 17th. The asset manager reported $2.84 earnings per share for the quarter, topping analysts’ consensus estimates of $2.64 by $0.20. The firm had revenue of $3.80 billion for the quarter, compared to analyst estimates of $3.59 billion. State Street had a net margin of 13.47% and a return on equity of 14.22%. The company’s revenue for the quarter was up 15.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.04 EPS. As a group, research analysts predict that State Street Corporation will post 12.35 earnings per share for the current year.

State Street Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 13th. Stockholders of record on Wednesday, July 1st will be given a $0.84 dividend. The ex-dividend date is Wednesday, July 1st. This represents a $3.36 dividend on an annualized basis and a dividend yield of 2.1%. State Street’s payout ratio is 34.08%.

State Street News Roundup

Here are the key news stories impacting State Street this week:

• Positive Sentiment: State Street highlighted its presentation at the Morgan Stanley US Financials Conference, which can reinforce investor focus on management’s outlook and strategy. State Street Corporation (STT) Presents at Morgan Stanley US Financials Conference 2026 Transcript
• Positive Sentiment: Analysts remain constructive on STT, with recent price target increases from Wells Fargo and Morgan Stanley, supporting the case that the shares still have upside after strong quarterly results. KEY vs. STT: Which Stock Is the Better Value Option?
• Neutral Sentiment: State Street EVP Michael Richards sold 1,500 shares for about $243,210, a modest insider sale that may draw attention but does not by itself signal a major change in fundamentals. State Street (NYSE:STT) EVP Michael Richards Sells 1,500 Shares
• Neutral Sentiment: State Street also exited substantial holdings in several non-U.S. companies such as Deterra Royalties, Nick Scali, and Bapcor; this reflects portfolio rebalancing more than a direct catalyst for STT shares. State Street Entities Exit Substantial Holder Position in Deterra Royalties
• Negative Sentiment: The insider sale may be viewed as a small caution flag, especially with STT near its 52-week high, as some investors may worry insiders are trimming into strength. State Street stock insider trades

Analysts Set New Price Targets

A number of brokerages have recently issued reports on STT. Keefe, Bruyette & Woods boosted their price target on shares of State Street from $157.00 to $175.00 and gave the stock an “outperform” rating in a research report on Monday, April 20th. Argus boosted their price target on shares of State Street from $140.00 to $168.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. Truist Financial boosted their price target on shares of State Street from $136.00 to $150.00 and gave the stock a “hold” rating in a research report on Monday, April 20th. The Goldman Sachs Group boosted their price target on shares of State Street from $152.00 to $168.00 and gave the stock a “buy” rating in a research report on Monday, April 20th. Finally, Morgan Stanley boosted their price target on shares of State Street from $155.00 to $166.00 and gave the stock an “overweight” rating in a research report on Monday, April 20th. Three analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $158.57.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Regents of The University of California acquired a new position in shares of State Street during the 3rd quarter valued at $324,576,000. Impax Asset Management Group plc raised its holdings in State Street by 49.2% during the third quarter. Impax Asset Management Group plc now owns 127,984 shares of the asset manager’s stock worth $14,847,000 after buying an additional 42,198 shares during the last quarter. Nordea Investment Management AB lifted its stake in shares of State Street by 15.4% in the fourth quarter. Nordea Investment Management AB now owns 2,829,271 shares of the asset manager’s stock valued at $367,041,000 after buying an additional 377,568 shares in the last quarter. Caprock Group LLC acquired a new position in shares of State Street during the third quarter valued at about $2,296,000. Finally, ABN Amro Investment Solutions bought a new stake in shares of State Street during the third quarter worth about $4,193,000. Institutional investors and hedge funds own 87.44% of the company’s stock.

State Street Company Profile

State Street Corporation is a global financial services company that provides a range of investment servicing, investment management and investment research and trading services to institutional investors. Its principal activities include custody and fund administration, securities lending, performance and risk analytics, trading and execution services, and foreign exchange. The company also offers investment management through State Street Global Advisors, a major provider of exchange-traded funds and institutional investment strategies.

State Street serves a broad client base of asset managers, insurance companies, pension funds, endowments, and other institutions across North America, Europe, Asia and other global markets.